Electronic Credit Ledger can be Blocked for 1 year, it would automatically get Unblocked beyond 1 year: Gujarat HC [Read Order]

By Mariya Paliwala - On January 14, 2022 3:01 pm

The Gujarat High Court has held that the Electronic Credit Ledger can be blocked for 1 year and it would automatically get unblocked beyond 1 year. The writ-applicant, Ambika Creation has invoked the extraordinary writ jurisdiction of this Court under Article 226 of the Constitution of India and has prayed for a direction to the…

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Electronic Credit Ledger can be Blocked for 1 year, it would automatically get Unblocked beyond 1 year: Gujarat HC [Read Order]

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Interest paid on Convertible Debentures is not Interest on Equity and allowable as Expenditure u/s. 36(1)(iii): ITAT [Read Order]

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